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Ethereum Price News: Early Santa Rally? ETH Squeezes Bears Out in Just 4 Hours
Ethereum (ETH) has gone up by more than 8% in the past 24 hours as the price started a vertical climb right after the New York session opened. Just a day before the last FOMC meeting of this year, the market has decided to push ETH out of its downtrend, possibly setting the stage for a massive short squeeze. Data from CoinGlass shows that short liquidations spiked to $260 million in the past 4 hours alone as ETH rose $3,100 to $3,400 during this period. Market sentiment has been improving lately as the U.S. Federal Reserve prepares to cut rates for a third time tomorrow. Meanwhile, Ethereum recently completed the ... (full story)
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